> “A more equal spread of the gold supply between North America, the United Kingdom, and the U.S. also helps to spread the risk.”
They’re not exiting all the gold held in North America; instead they’re rebalancing so that for more resilience against a backdrop of increased geopolitical risk.
No, but "removing" around half of it from one place is quite a bit. Though I doubt any single physical kg ever moved more than a few meters to the buying countries vault. edit: They physically moved 27 tons, the rest was traded away and bought again in London.
Just in time before major European continental war begin. Strategic move.
For the context : German airport was officially attacked by Russia . And that’s only one of many incidents. UK is on the radar of official Russian hawks for a very long time
More a vs. US strategy than a vs. Russia strategy.
Russia has been weird for a long time, they are doing sub-threshold-of-war attacks for a while now.
But the USA? Outright threatening allies, talking about annexing some of them, making more threats against other allies who make moves to defend those allies? And he's got a known love for gold, started wars without bothering to inform allies he's now trying to punish for failing to provide help that he told them he didn't even want.
Comparing that German airport "attack" by Russia to the 9/11 attack by Mr. bin Laden - would you say that all gold reserves should have been moved out of the USA back in 2001?
Another interesting aspect to this story is the flow of value from US Treasuries to gold.
Total gold held by central banks globally was valued at approximately $4tr at
the start of 2026, surpassing, for the first time, the roughly $3.9tr in US
Treasuries held by the same institutions. This marked a reordering of reserve
asset preferences with significant long-term implications. [0]
It may be quirky for Americans to hear this, but one pivotal moment when it truly dawned on the average european citizen how corrupt the US has become, was when Trump phoned Infantino to drop a red card during the world cup. Blatant corruption for zero gain that even the Putin's and Xi Jin Pings never attempted. Any toddler could see how wrong it was and it was felt deeply in many hearts.
Needless to say trust is close to 0% throughout the population - even the right wing populists distance themselves from Trump - and this is the consequence. I fear we are heading into dangerous times.
I think you misunderstood the emphasis there - yes Europeans love football.
The point is that it's so blatant for such little gain, it's still a game. I.e. if he is willing to do that so openly for such low stakes, imagine what he does behind closed doors when it matters.
To add to this, because I think it is important context for Americans who may not be aware, football is seen very officially by many European nations and national governments as a cultural counterpart to many international treaties within Europe that were born out of the desire to bring our respective cultures closer together after the second world war.
It is so important, that many countries make it illegal to hide international football matches behind paywalls, specifically.
It is so important, that there are articles written about its importance on EU institutes websites. For example, this one reflects on Footballs importance in relation to the First, Second and Cold wars. https://www.iss.europa.eu/publications/alerts/european-footb...
To see Trump so flagrantly manipulate it sends a cultural signal that is hard for those outside of Europe to see, and that by some can be seen as the cultural equivalent of the political threats Trump has made against NATO.
At this point, your average European Trump supporter/right wing populist needs only reminding of Trumps interference to get a complete positional change - that's how bad it is.
Nah it was an egregiously bad call by itself, and then the slow-mo VAR was used to justify it which is also against their own rules. So they corrected a mistake that could have severely impacted the result and integrity of the rest of the games.
Doesn't matter. There's constant bad calls being made by referees. It shouldn't be, but their humans and make mistakes and it's part of the game. But only the mistake against the US got corrected.
FIFA is NOT a European institution it is the global one.
The European football institution is UEFA which has complained about things like this and is also trying to remove Infantino – but the rest of the world has been bribed enough to keep him on.
FIFA is a deeply corrupt institution (IDK if they count as specifically European, but if they do, it doesn't change the fact that they're corrupt). The US government is also deeply corrupt.
This shows how much trust in the US has declined due to Trump. Netherlands is not the only or first country to do this, other countries have started this too.
He opened the door, and I find it very, very unlikely that either side will close it after this. Dems and Reps will both use this to take control in ways that would have been unthinkable prior to Trump's first election. The only way to restore any measure of that trust would be to pass laws that prevent this kind of abuse, and there's no way that politicians will give up power they've gained.
They had the laws to stop him but since congress stopped legislating, it gave the supreme courts wide discretion to approve executive actions. Strong executive isn’t a flaw of the system, it’s the inevitable consequence of years of media illiteracy and vast sums of money in politics enabled by citizens united.
No it's not simple to call "he" did this. WH people, half? of the country supporting him for 2nd time, and wealthy people that donated so much too, it's never "he". Nothing big like that is one persons responsibility. Actions have cons. ?
All elected and supported, especially AFTER how he and his supports lead the so many extra deaths in covid. I know your media does not bring facts but truth is out there.
Sadly, the way people vote is more complicated than you might believe. Trump is the symptom of malfunctioning system that doesn't give people good options in the ballot box.
That explains how he got almost half the votes on election night, but it does not explain the 1/3 that still to this day support him 100%. There is a pretty substantial underlying problem in play and Trump is the symptom, but the problem is deeper than a malfunctioning political system.
The legend about the sole man in charge has been carefully crafted and cultivated for ages, but it's never the puppet and always puppet masters in this clown show.
The sociopathic criminals who dominate American business and politics are the cause of the kleptocracy; plus the tens of millions of citizens indoctrinated with mental illness from their disinformation and psychological warfare.
None of this should be a surprise to you if you've ever watched Fox News and derivatives; propaganda so on the nose it would make a nazi blush.
Stated in another article it said the reason is it cannot be used as a bargaining chip during trade disputes. They specifically mentioned it would likely be more difficult to use in emergency situations when located in North America (without mentioning specific reasons).
Well, one of their near neighbouring countries is currently worried about Trump stealing their territory, and he's made threats to annex Canada too, so it's not exactly an unreasonable fear.
Dutch gold reserve is only 50 billion which wouldn't even be enough to run the country for half a year. Other than the symbolical value it's pocket change.
Fun fact, France did exactly the same earlier this year (though the trend has been there for decades).
[1] https://en.wikipedia.org/wiki/Gold_repatriation#France
> “A more equal spread of the gold supply between North America, the United Kingdom, and the U.S. also helps to spread the risk.”
They’re not exiting all the gold held in North America; instead they’re rebalancing so that for more resilience against a backdrop of increased geopolitical risk.
No, but "removing" around half of it from one place is quite a bit. Though I doubt any single physical kg ever moved more than a few meters to the buying countries vault. edit: They physically moved 27 tons, the rest was traded away and bought again in London.
Can’t move what isn’t there
Just in time before major European continental war begin. Strategic move.
For the context : German airport was officially attacked by Russia . And that’s only one of many incidents. UK is on the radar of official Russian hawks for a very long time
More a vs. US strategy than a vs. Russia strategy.
Russia has been weird for a long time, they are doing sub-threshold-of-war attacks for a while now.
But the USA? Outright threatening allies, talking about annexing some of them, making more threats against other allies who make moves to defend those allies? And he's got a known love for gold, started wars without bothering to inform allies he's now trying to punish for failing to provide help that he told them he didn't even want.
Didn't dear leader (Trump) just say he was going to invade the Bond Market?
If a shooting war breaks out beween the US and the Bond Market, the gold isnt safe anywhere.
> For the context:
Comparing that German airport "attack" by Russia to the 9/11 attack by Mr. bin Laden - would you say that all gold reserves should have been moved out of the USA back in 2001?
Another interesting aspect to this story is the flow of value from US Treasuries to gold.
0. https://www.investing.com/analysis/why-central-banks-are-bri...It may be quirky for Americans to hear this, but one pivotal moment when it truly dawned on the average european citizen how corrupt the US has become, was when Trump phoned Infantino to drop a red card during the world cup. Blatant corruption for zero gain that even the Putin's and Xi Jin Pings never attempted. Any toddler could see how wrong it was and it was felt deeply in many hearts.
Needless to say trust is close to 0% throughout the population - even the right wing populists distance themselves from Trump - and this is the consequence. I fear we are heading into dangerous times.
Unironically true. The average person could care less about following politics, but Europeans live football.
> could care less
Surely you mean couldn't care less.
I just saw David Mitchell fall to his knees at a Waitrose
Well, I could care less, personally. I wish I did care less!
Weird Al - Word Crimes
> The average person could care less about following politics
Could they?
I think you misunderstood the emphasis there - yes Europeans love football.
The point is that it's so blatant for such little gain, it's still a game. I.e. if he is willing to do that so openly for such low stakes, imagine what he does behind closed doors when it matters.
To add to this, because I think it is important context for Americans who may not be aware, football is seen very officially by many European nations and national governments as a cultural counterpart to many international treaties within Europe that were born out of the desire to bring our respective cultures closer together after the second world war.
It is so important, that many countries make it illegal to hide international football matches behind paywalls, specifically.
It is so important, that there are articles written about its importance on EU institutes websites. For example, this one reflects on Footballs importance in relation to the First, Second and Cold wars. https://www.iss.europa.eu/publications/alerts/european-footb...
To see Trump so flagrantly manipulate it sends a cultural signal that is hard for those outside of Europe to see, and that by some can be seen as the cultural equivalent of the political threats Trump has made against NATO.
At this point, your average European Trump supporter/right wing populist needs only reminding of Trumps interference to get a complete positional change - that's how bad it is.
Nah it was an egregiously bad call by itself, and then the slow-mo VAR was used to justify it which is also against their own rules. So they corrected a mistake that could have severely impacted the result and integrity of the rest of the games.
But yeah, people got upset...
Doesn't matter. There's constant bad calls being made by referees. It shouldn't be, but their humans and make mistakes and it's part of the game. But only the mistake against the US got corrected.
How are we explaining Ronaldo not being required to serve his remaining 2-match suspensions at the start of the games?
Same, FIFA is just corrupt.
Okay so then we are agreeing that FIFA, a European institution, is a deeply corrupt, inconsistent, and unprincipled governing body.
But somehow this was the fault of the US?
FIFA is NOT a European institution it is the global one.
The European football institution is UEFA which has complained about things like this and is also trying to remove Infantino – but the rest of the world has been bribed enough to keep him on.
Fifa is a European legal entity, right? headquartered in Switzerland?
FIFA is a deeply corrupt institution (IDK if they count as specifically European, but if they do, it doesn't change the fact that they're corrupt). The US government is also deeply corrupt.
This shows how much trust in the US has declined due to Trump. Netherlands is not the only or first country to do this, other countries have started this too.
And this lost trust will not suddenly reappear when he leaves office. He has damaged our reputation for a generation
And I'd argue that it should.
He opened the door, and I find it very, very unlikely that either side will close it after this. Dems and Reps will both use this to take control in ways that would have been unthinkable prior to Trump's first election. The only way to restore any measure of that trust would be to pass laws that prevent this kind of abuse, and there's no way that politicians will give up power they've gained.
They had the laws to stop him but since congress stopped legislating, it gave the supreme courts wide discretion to approve executive actions. Strong executive isn’t a flaw of the system, it’s the inevitable consequence of years of media illiteracy and vast sums of money in politics enabled by citizens united.
No it's not simple to call "he" did this. WH people, half? of the country supporting him for 2nd time, and wealthy people that donated so much too, it's never "he". Nothing big like that is one persons responsibility. Actions have cons. ?
All elected and supported, especially AFTER how he and his supports lead the so many extra deaths in covid. I know your media does not bring facts but truth is out there.
Sadly, the way people vote is more complicated than you might believe. Trump is the symptom of malfunctioning system that doesn't give people good options in the ballot box.
That explains how he got almost half the votes on election night, but it does not explain the 1/3 that still to this day support him 100%. There is a pretty substantial underlying problem in play and Trump is the symptom, but the problem is deeper than a malfunctioning political system.
The legend about the sole man in charge has been carefully crafted and cultivated for ages, but it's never the puppet and always puppet masters in this clown show.
Voters cannot be held accountable for all the specific things the person they elected do.
That much should be self-evident.
He’s doing exactly what he said he would do when he ran. People who voted for him can very much be held accountable.
Anyone can be held accountable for things they are responsible for, the question is how they'll react to being held thusly.
What if they knew what they were voting for?
If they could have known or suspected those things, then yes, they bear the responsibility. And Trump's intentions were there for all to see.
The sociopathic criminals who dominate American business and politics are the cause of the kleptocracy; plus the tens of millions of citizens indoctrinated with mental illness from their disinformation and psychological warfare.
None of this should be a surprise to you if you've ever watched Fox News and derivatives; propaganda so on the nose it would make a nazi blush.
Is this to prevent the Orange man from stealing it? What do they imagine the risk is?
Stated in another article it said the reason is it cannot be used as a bargaining chip during trade disputes. They specifically mentioned it would likely be more difficult to use in emergency situations when located in North America (without mentioning specific reasons).
Well, one of their near neighbouring countries is currently worried about Trump stealing their territory, and he's made threats to annex Canada too, so it's not exactly an unreasonable fear.
Would you put it past Trump to use gold stores as a threat?
Their national color is orange so they should get along with him fine
Dutch gold reserve is only 50 billion which wouldn't even be enough to run the country for half a year. Other than the symbolical value it's pocket change.
It's the 11th largest in the world, or about 7.5% of the US reserves which is a lot more than the gdp difference (4.4%)